Attention Altcoin Investors! South Koreans Expect a Plummet in This Altcoin, Which They Once Never Let Drop from the Peak!

After the victory of U.S. President Donald Trump in November, XRP, which ranks among the top risers, has been struggling to maintain a sustainable rise since its peak of $3.40 in January.

While XRP is currently trying to maintain the critical level of $2, Glassnode positions it as the altcoin with the highest profit for its investors. Data shows that 81.6% of XRP’s circulating supply remains profitable.

Despite this data, South Korean investors with a special interest in XRP are experiencing a decline in XRP.

Experts state that, according to the data, Korean traders have executed 1.4 million transactions in the XRP/KRW pair, and 62% of these are sell orders.

Experts noted that the trust of retail investors in XRP continues to decline, and added that there have also been significant whale sales in XRP.

In a recent analysis by Glassnode, it was noted that the XRP Profit/Loss Ratio has been steadily decreasing since January, stating, “This situation indicates less profit and more loss in XRP, and is generally a sign of declining conviction.”